IMPACT OF GLOBALISATION

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IMPACT OF GLOBALISATION by Mind Map: IMPACT OF GLOBALISATION

1. POSITIVE

1.1. ECONOMY

1.1.1. Improvement in the Standards of Living

1.1.1.1. earn revenue through trade and foreign investments

1.1.1.1.1. Revenue used to improve eduation, health, defence, housing and transportation

1.1.1.1.2. increase in income level

1.1.1.2. EG; 1970 in CHINA, which attracts foreign investors

1.1.2. Opportunities for the Talented

1.1.2.1. people highly skilled are in demand

1.1.2.1.1. globalisation allowed people to find employment in other countries

1.1.3. Improved in Communication/Information System

1.1.3.1. EGs; Satellite TV channels, cellular phones, broadband, Internet,

1.1.3.1.1. successfully transformed the world into a global village.

1.1.3.2. globalization of information is also proved from the usage of the most popular language, English, in the Internet.

1.1.3.3. diminished use of paper with the spread of the new globalized information technology.

1.1.4. Increased Media Coverage

1.1.4.1. draws the attention of the world to human right violation.

1.1.4.1.1. improvement in human rights.

1.2. SOCIAL

1.2.1. Increase Awareness of Foreign Culture

1.2.1.1. able to learn about other people around the world through Internet, Traveling, etc.

1.3. ENVIRONMENT

1.3.1. Environmetnal Management

1.3.1.1. globalisation increased the use of earth's resources

1.3.1.1.1. countries want to preserve the environment

2. NEGATIVE

2.1. ECONOMY

2.1.1. Widening Income Gap between the Rich and the Poor

2.1.1.1. developed countries are experiencing rapid income growth

2.1.1.1.1. gain revenue from trades and so are able to draw skilled people and resources from poor areas to areas that need them

2.1.1.1.2. less developed countries face trade restriction

2.1.2. Increase Competition Amongst Countries

2.1.2.1. TNCs seek location where production costs are lower

2.1.2.1.1. Countries compete to attract these TNCs to invest in their countries

2.1.2.1.2. EG; Singapore & Malaysia compete to attract world's shipping giants

2.1.2.2. reduction in wages and consequently lower standards of living.

2.1.2.3. Job Insecurity

2.1.2.3.1. people live in constant dread of losing their jobs to competition

2.2. SOCIAL

2.2.1. Loss of Local Culture

2.2.1.1. Global brands dominate consumer's markets

2.2.1.1.1. EGs; Mcdonald's, Starbucks, Disney

2.2.1.1.2. standardised methods of operation & identical outlets

2.2.2. Rapid Spread of Infectious Diseases

2.2.2.1. EG; severe acute respiratory syndrome (SARS) originated in China and quickly posed a worldwide health threat as airline passengers infected with the virus spread the illness.

2.2.3. Local industries are being taken over by foreign multinationals.

2.3. ENVIRONMENT

2.3.1. Environmental Degradation

2.3.1.1. Deforestation & related problems

2.3.1.1.1. TNCs set up factories all over the world

2.3.1.1.2. EGs; China's Three Gorges Project in 1994, that created many environmental problems

2.3.1.2. Global Warming

2.3.1.2.1. movements of goods contribute to global warming

2.3.1.2.2. Factories emit large amounts of fumes

2.3.1.2.3. Gases in atmosphere increases global temperature

3. Definition of Globalisation

3.1. Globalistaion is a process by which people, their ideas and their activities in different parts of the world become interconnected or integrated.